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5 Embassy Building, Main Road, Windermere, LA23 1DY - Image 1
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5 Embassy Building, Main Road, Windermere, LA23 1DY

North West

£215,000
Listed on 18/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
958 sqft

Description

This spacious top floor studio apartment offers an excellent opportunity for renovation in the heart of Windermere. Once known as the Embassy Ballroom, this unique property combines historic charm with modern living potential. The dual-aspect living/dining area boasts ample light and views of the village street scene, providing a welcoming atmosphere. The kitchen includes essential fittings such as wall and base units, but it could benefit from updating to enhance functionality and aesthetics. Bedroom 1 enjoys village views, while Bedroom 2 features built-in storage and a raised sleeping area that maximizes space. Though currently habitable, this property presents numerous avenues for improvement, making it suitable for those looking to invest in a main residence or rental property in a sought-after location where holiday letting is restricted. With nearby amenities adding convenience, this gem is waiting for creative vision to realize its full potential.

Investment Analysis

(LA23 area)

Below Market Value

This property is priced -44.6% below area average per sq ft

-44.6%
Potential saving
This Property
£224/sq ft
Area Average
£405/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£427,211
10% above area average per sq ft
Potential ROI
+78.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (LA23)

Area prices are falling by -16.3% over the last 12 months
3 year growth: -15.9%
5 year growth: -2.3%
Investment Disclaimer: Analysis based on LA23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

5 Embassy Building, Main Road, Windermere, LA23 1DY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£775
Based on a loan of £161,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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